Prism at Diamond Ridge
Multifamily property in Moon Township, PA · sponsored by Passco Companies
Prism at Diamond Ridge was a DST sponsored by Passco Companies that owned a multifamily property in Moon Township, PA (336 units). Its last Form D, filed Mar 4, 2026, reports the offering fully sold.
How it ended
No outcome recorded · under 7 years
The last Form D, filed Mar 4, 2026, reports the offering fully sold.
Key facts
- Minimum investment
- $25,000From the Form D
- Offering size
- $59,000,000Equity offered, per the Form D
- Sold
- 100%Form D, Mar 4, 2026; the % is our arithmetic
- Investors reported
- Form D, Mar 4, 202691
- Selling commissions
- Form D Item 15; the % is our arithmetic$4,513,500 · 7.6% of offering
- Financing
- Leveraged. This offering reports mortgage debt on the property.How it is financed ↓
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
Figures come from SEC Form D filings unless a source is cited. Sponsor-stated figures are as reported by the sponsor; Top1031 does not independently audit them. On a 45-day clock? Find day 45 and day 180 →
Using this record to judge the sponsor? A licensed 1031 specialist from our affiliated partner can talk it through with you.
Ask a 1031 specialist about this recordFree. About: Prism at Diamond Ridge. Top1031 is not a broker-dealer.What did Prism at Diamond Ridge own?
Thompson Thrift Residential developed the community between 2022 and 2024, delivering ten three-story buildings on roughly 22 acres with one- to three-bedroom layouts averaging 1,089 square feet. 2 Passco Real Estate bought the property from Thompson Thrift in 2025, according to Yardi Matrix data cited by Multi-Housing News. 2 Greystar's leasing site carries the community's listing. 3
- Property address
- 1100 Prism Place, Moon Township, PA
- Property size
- 336 units (~432,919 SF)
How was it financed, and what did it cost to sell?
Public filings for this Trust do not state whether the property carries mortgage debt, who any lender is, or what the loan terms are — a Form D covers only the equity being offered, not property-level financing. Any debt terms would be set out in the offering documents.
Debt
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Costs and terms from the Form D
- Selling commissions
- $4,513,500 · 7.6% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $8,762,055 · 14.8% of offeringForm D Item 16· The filing’s note: “Passco Prism Depositor, LLC will be responsible for paying certain fees and costs of approximately $8,762,055”
- Broker-dealers named in the Form D
- 1 named in the Form D
Show the firms
- Passco Capital, Inc. · CRD 117323
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Jul 31, 2025
- Minimum investment
- $25,000
Form D Item 15 and Item 16 amounts may be the issuer’s estimates; each percentage is Top1031’s arithmetic on two Form D figures. Item 16 can overlap Item 15, so Top1031 does not add them together. The issuer marked these amounts as an estimate.
Who's behind Prism at Diamond Ridge?
Passco Companies is a multifamily-focused real estate firm that sponsors Delaware statutory trust offerings for 1031 exchange investors. On May 8, 2026 the company announced it had closed more than $300 million in first-quarter 2026 transactions, expanding its multifamily portfolio through acquisitions. 4 Passco's own portfolio page, presented as current as of June 30, 2026, lists Prism at Diamond Ridge among the properties it holds. 5
- Sponsor
- Offerings on record
What does the SEC record show?
Passco filed an initial Form D — the short notice an issuer files with the SEC for an exempt private offering — and then amended it once to update sales activity, with the amendment reporting a first sale on July 31, 2025. 1 Rule 506(c) allows general advertising so long as every purchaser's accredited status is verified.
- Legal Trust name
- Passco Prism DST
- SEC CIK
- 2074515
- First Form D
- Jul 8, 2025
- Latest Form D
- Mar 4, 2026
- Filings on record
- 2
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D/A | $59,000,000 | $59,000,000+$59,000,000 | 91 | EDGAR | |
| Form D | $59,000,000 | $0 | EDGAR |
Amounts, investor counts and minimums are as filed with the SEC on Form D. The change lines are Top1031’s arithmetic between consecutive filings; a new Form D notice starts a new count.
A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Common questions
- What happened to Prism at Diamond Ridge?
- Prism at Diamond Ridge is a Historical offering. The last Form D, filed Mar 4, 2026, reports the offering fully sold.
- Who built Prism at Diamond Ridge, and who owns it now?
- Thompson Thrift Residential developed the community between 2022 and 2024, and it came online in 2024. Passco Real Estate purchased it from Thompson Thrift in 2025, per Yardi Matrix data cited by Multi-Housing News on July 24, 2025. Passco's portfolio page, presented as current as of June 30, 2026, still lists the property.
- Is there debt on the property?
- The public record does not say. Form D filings disclose the equity being offered, not mortgage financing, and no lender, loan balance, interest rate, or loan-to-value figure for this Trust appears in the sources reviewed. An investor would need the offering documents to see whether the property is leveraged and on what terms.
- Does this Trust convert to a REIT at the end?
- No 721 or UPREIT exit is indicated for this Trust — that is the structure in which trust investors contribute their interests to an operating partnership and receive REIT units instead of cash. Without it, the exit path would be a sale of the property, with proceeds distributed to beneficial owners who may then pursue another exchange.
- Who manages the apartments day to day?
- Greystar's official property page carries the Prism at Diamond Ridge listing at 1100 Prism Place, Moon Township, Pennsylvania 15108, which points to Greystar handling property management or leasing. Passco, as sponsor, is the owner-side party behind the Trust.
In the news
Sources
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These links support the record as a whole; individual details may come from different sources.
DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current offering documents before investing.